Silver prices (XAG/USD) declined to approximately $60.70 per troy ounce on Monday, following a sharp reversal after gaining over 2.5% in the previous trading day. The drop came amid heightened geopolitical tensions triggered by attacks on Riyadh’s airport.
According to FX Street, silver remained around the $60.70 level during European trading hours, reflecting a pullback from the earlier rally. The initial surge had pushed prices close to $61.00 before the sell-off.
For Japanese investors, this movement underscores the influence of Middle Eastern geopolitical events on precious metals, which can impact risk sentiment and safe-haven demand in domestic and global markets.